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Why fiscal deficit should be the least of worries for govt

Analysts say it's time to loosen strings & let fiscal deficit cross targetted 3.3% until economy is back on feet.

make in India

Nov 18, 2019, 08.06 PM IST



No truck with Dalai Lama please, China to India

Ahead of investors summit in Dharamshala, China had officially reminded India yet again that any interaction which Indian officials might have with the Dalai Lama was going to be detrimental to the bilateral relationship, TOI has learnt. This unveils the facade behind the 'successful' informal summit, revealing deep tensions in India and China bilateral ties.

Rajapaksas’ pro-China legacy a cause for concern in India?

Behind PM Modi's tweet congratulating Gotabaya Rajapaksa on being elected Sri Lank...

'Make in India' hub Noida to churn over 30 crore mobiles in 5 years

In 2014, India had just 2 mobile phone manufacturing units. But now it ha...

ET Prime Distribution
  • Next To China, India moves up two ranks from 2012 in the number of international schools it hosts. The middle-class in India is largely opting for imported curricula for reasons ranging from giving their children a shot at the Ivies and Oxbridge to social prestige. This has led to raising the count of international schools in the country.

    China’s strategic moves in Sri Lanka during Mahinda’s term were closely monitored by India. Under his brother, Gotabaya was defence secretary. During that time, Sri Lanka also borrowed heavily from China for infrastructure projects. Later, under the Sirisena government, India made efforts to safeguard its interest and has been able to secure entry in port and airport projects.

    The roadmap has been outlined in a book titled New India: Building Blocks - Potential Pathways to Reforms released on Monday. The book, which is a synthesis of all the discussions and efforts initiated at the national-level workshop held last year, could form the basis of the way forward for the health sector in the upcoming Vision Document of the Aayog in 2020.

    "As travel growth continues to beat market estimates, we aim to add more than 10,000 alternative accommodation properties in India in the coming year. Additionally, we are bullish on achieving double-digit growth in the segment in the next 12 months," MakeMyTrip COO Vipul Prakash told PTI.

    "With the Essar Steel judgment out, it has now become easier for distress asset transactions to happen. Now, it needs to be seen how banks open up to sell their sticky assets," says Jayesh Mehta, country treasurer, Bank of America.

    The government has so far raised 173.64 billion rupees ($2.43 billion) in the 2019/20 fiscal year ending in March, against the full-year's target of 1.05 trillion rupees, the minister said in a written reply in the lower house of parliament.

    The Income Tax Appellate Tribunal has dismissed Congress leader Rahul Gandhi's plea to make Young India a charitable trust. Rejecting the ap...

    Recently, actively managed large-cap mutual funds have been criticised due to their under-performance vis-a-vis passive funds. However, currently six of the top 10 large-cap MFs over one year are active funds. Should you invest in them?

    The selloff-bound airline had on October 30 floated bids from banks/ financial institutions to refinance its existing bridge-loan facility worth $819 million or worth over Rs 5,800 crore by November 14. The financial bids were to scheduled to be closed on November 14. The carrier is seeking to refinance six Boeing 787s and one B777.

    When it comes to nature of checks, employers are still sticking to the basic ones with employment (88%) and education verifications (83%) being the most common. Identity verifications and criminal checks stood third and fourth among Indian enterprises, in contrast to global markets that prioritise these.

    India’s $200-billion-plus bad debt mess is starting to attract serious global capital

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